1711 New RdLinwood, NJ 08221

  • Other commercial real estate
  • 2,392 SF
For Sale
$399,000 View listing

Property Details for 1711 New Rd

Year built
1960
Construction
CONCRETE BLOCKS
Lot size
5.99 AC
Property size (Sq ft)
2,392 SF
Zone code
BUS
Property type
Other commercial real estate
APN
14 00001-0000-00028
APU
1400001000000028

Description

This exceptional 5.99-acre commercial land parcel, located at 1711 New Road in Linwood, New Jersey (08221), presents a unique investment opportunity. Priced at $399,000, this property boasts over 200 feet of frontage on New Road, ensuring high visibility and accessibility. The property's zoning is CO, and it is situated on Block 1, Lot 28. Previously occupied by a Garden State Gas Station, the site is undergoing remediation. Soil testing is complete, and groundwater testing is currently in progress. The seller has actively collaborated with the Department of Environmental Protection to increase the buildable area, with final approvals pending. The property includes a first-floor shop and a second-floor apartment, offering potential for redevelopment or repurposing. With its substantial size, prime location, and ongoing environmental improvements, this property is ideal for a variety of commercial ventures. The total square footage is 2,392, with a price per square foot of $166.81. This is a rare opportunity to acquire a well-situated commercial property in Atlantic County, New Jersey, with significant development potential. Don't miss out on this chance to capitalize on this promising investment.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $882,018
    Hospitality
    $807,923
    Educational
    $672,183
    Medical
    $695,300
    Retail
    $1,045,618
1711 New Rd, Linwood, New Jersey

Location Insight

City
Linwood
County
Atlantic
State
New Jersey
Latitude
39.3408
Longitude
-74.5861
CBSA code
12100
CBSA name
ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$9,095
$200,000
$50,000
$250,000
-
$200,000
$50,000
$250,000

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